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twintail said:
Where does it say they are waiting for the Series X price?

 "He then said that one factor Sony can't control is the "price level" of the next-gen console space. Totoki implies that Sony is waiting to see what the price of the Xbox Series X will be before putting a price on the PS5, so as to be competitive.

"What is not very clear or visible is because we are competing in the space, so it’s very difficult to discuss anything about the price at this point of time, and depending upon the price level, we may have to determine the promotion that we are going to deploy and how much costs we are prepared to pay."

I am not sure if this can be a hint, but i can say that if he said "we are competing in space"  it's mean on the same market space with  Xbox. Then it can be said that we are competing on the same market and target the same audience . Probably the author of the article just made some assumption but i can see the relation. Well judging by micro economy rule of thumb, a product price can be determined based on cost and competitor.  So that's that i guess.